| The law in relation to money laundering has developed significantly over the past few decades. Terrorist financing has dramatically evolved, kick-started by the 9/11 atrocities. Terrorist financing risks are nowadays incorporated as a matter of course within any organisation’s financial crime prevention strategy, however, the risks associated with terrorist financing are often wrongly seen as synonymous with money laundering risks and treated accordingly.
Techniques for terrorist financing differ drastically from those deployed by the money launderer. Are you viewing both these types of risks separately? Do you throw them together because it’s just easier? MHA offers the following services: - Review and document your organisation’s terrorist financing risks
- Update your policies and procedures to reflect that these risks are appropriately managed
- Training and awareness initiatives explaining terrorist financing techniques and risks and how these apply to your business for staff at all levels
Contact us for more information.
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No stone unturned...
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